What Happens During A Loan Closing?

Here’s an understanding of what takes place during a loan closing for an agricultural land loan.

So, you’ve been approved for a loan. You’ve done everything you needed to do—provided all the necessary information and worked with the lender to agree upon terms for your land loan. As you transition into this final stage of securing the loan, you might be wondering what happens next. The closing period is a very important time, both for you as a borrower and for the lenders themselves. There are several factors that can affect how long it takes to close on a land purchase, so understanding what to expect during the loan closing stage is important.

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How to Qualify for a Farm Loan When You Have Bad Credit

Your credit score matters—but it shouldn’t keep you from securing the financial support your farm needs.

There are many reasons that you may need a farm loan. Perhaps you want to expand your operation by purchasing more land, or maybe you need to invest in new technology to optimize your production capabilities. Whatever the case may be, it’s likely that at some point your operation will need more working capital to sustain the fast-pace demand of food production.

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2020 Financial Planning: Alternative Lending as a Financing Source for Your Farm Operation

Alternative Options to Traditional Agricultural Loans.

According to the U.S. Department of Agriculture (USDA), farm debt will hit a record high of $416 billion by the end of 2019. Farmers are leaning on lenders now more than ever, not just during the hard times, but to finance new opportunities like farm expansions, equipment updates, and more. So why are farmers choosing alternative lending companies to help open these doors?

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12 Common Documents Needed for a Land Loan

Know what documents are required when applying for an agricultural loan.

Most farmers and ranchers will agree that time is a limited resource that impacts all aspects of their operation. As we’ve come to witness first-hand in working with our nation’s farmers and ranchers, the expectations around the loan application and approval process are rather low and not exactly positive.

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Farm Debt Consolidation 101

Learn how loan consolidation can help you successfully manage farm debt and strengthen your finances.

Today’s economic stresses paired with a predicted late, smaller harvest has placed an abnormal amount of financial pressure on America’s farmers, especially those with existing farm debt and operational expenses. For some farmers, now could be the ideal time to determine whether the pros of farm debt consolidation outweigh the cons and if consolidation is the right decision for your operation.Read More

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Developing Relationships for the Future of Agribusiness

Corporate Relationship Managers Jessica Slaughter and Blake Averitt discuss how they use their expertise as loan officers to bring financial solutions to farmers.

“Agriculture is a tough industry for anyone to succeed in and experiencing firsthand the dedication and perseverance needed to be successful in agriculture strengthened me as a person,” says Jessica Slaughter, Corporate Relationship Manager at AgAmerica. Read More

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Employee Highlight: Courtney Eelman- Ag Lending Done Right

With AgAmerica Lending’s new Chief Credit Officer, Courtney Eelman, you’ll always get what’s right, not what is easy.

Ag lending, like the ag industry itself, is a sector that is unique from all others. It also requires unique knowledge and experience to both be successful and do what’s right for the client. That need for experience and know-how is evident in AgAmerica’s Chief Credit Officer, Courtney Eelman, who works by the motto “Do what’s right, not what is easy.” With a wealth of experience and knowledge in financing ag operations, it’s a definite advantage to have her on our ag lending team. Explore her background and experience, and hear some of her bits of wisdom for those considering an agricultural loan.Read More

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